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2. Property income (1) Flick owns a freehold house which is let out furnished. The property was let throughout the tax year 2015/16 at a
2. Property income (1) Flick owns a freehold house which is let out furnished. The property was let throughout the tax year 2015/16 at a monthly rent of 660. (2) During the tax year 2015/16 Flick paid council tax of 1,320 in respect of the property, and also spent 2,560 on replacing damaged furniture. (3) Flick claims the wear and tear allowance. Required: Calculate Flick's property business profit for the year ended 5 April 2016
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